Trading Against the Herd

Before this week got under way, many investors were wishing they had established positions when uncertainty was at its highest over what plan of action the European Union would take to avert a financial catastrophe. Today, thanks to the curve ball Greece threw the market over the weekend, investors may get another opportunity. My guess is as good as yours as to whether the market will touch lower lows, or if it will merely provide a better price point than what it did when the S&P 500 was sitting near 1300 last week.

 As I've said over and over again, foolish is the one who tries to precisely time markets. Over the past several weeks, the market has perfectly showcased the herd-like behavior of investors. The herd wanted nothing to do with stocks in September. All of a sudden the European Union comes to a resolution, and the U.S market goes up 15%. Then the markets plunge nearly 6% when the Greeks told the EU to go take a hike -- that they would decide whether to accept food from the hand that feeds them.  ...399 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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